Author: forex24pro

Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9205. The pair continues to move as part of the correction and the formation of the reversal pattern ”Wedge”. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the US currency and a potential continuation of the fall of the instrument from current levels. At the moment, we should expect an attempt to develop a price reduction and test the support area near the level of 0.9145. Further, a rebound upwards and an attempt…

Bitcoin BTC/USD ends the trading week at 22953, continues to move as part of the growth and left the descending channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall in asset quotes. At the moment, we should expect an attempt to develop a bullish correction in the price of the coin and a test of the support area near the level of 17825. From where we should again expect a rebound upwards and continued growth in the…

Ethereum ETH/USD ends the trading week at 1579 and continues to move as part of the growth and the downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices are again testing the areas between the signal lines, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a price correction and a test of the resistance level near the 1825 area. From where we should again expect a rebound down and a continuation of the fall in the exchange rate…

XRP/USD complete the trading week at 0.3892 and continue to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall of the cryptocurrency already from current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near 0.4305. Where can we expect a rebound down again and a continuation of the fall of the cryptocurrency to the area below the level of 0.1845. XRP Forecast…

Litecoin LTC/USD ends the trading week at 87.50 and continues to move within the growth and bullish channel. Moving averages indicate the presence of a sideways trend. Prices broke through the area between the signal lines up. This indicates pressure from buyers of the digital asset and the potential continued growth of the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a rise in prices and test the resistance area near the level of 94.55. Where can we expect a rebound down again and an attempt to continue the fall in…

Bitcoin Cash ends the trading week at 134.14, continues to move as part of a bullish correction and a downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to continue the growth in the value of the digital asset and test the resistance area near the level of 180.05. From where a rebound down is expected again and…

Silver complete the trading week near the area of 23.67. Quotes continue to move within the framework of growth and left the limits of the descending channel. Moving averages indicate the presence of a bullish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from sellers of the metal and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a decrease in the value of the asset and a test of the support level near the area of 22.95. Further,…

SHIBA INU ends the trading week at 0.00001151 and continues to move within the bullish correction and the downward channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the coin and a potential continuation of growth in the near future. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop an increase in the value of the digital asset and test the resistance area near the level of 0.00001225. From where a rebound down is expected…

Dogecoin ends the trading week at 0.0857 and continues to move within the correction and left the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the coin and a potential continuation of growth in the near future. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support area near the level of 0.0945. From where a rebound down is…

Currency pair Euro/Dollar EUR/USD continues to move as part of growth and a bullish channel. The potential for the formation of the “Diverging Formation” pattern remains. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the growth of asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.0896. As part of the Forex forecast for January 27, 2023, we should…